Imperial Petroleum Inc. (NASDAQ:IMPP) is an international shipping transportation company that specializes in the transportation of various petroleum and petrochemical products in liquefied form.
Imperial Petroleum Inc. (NASDAQ:IMPP) received a boost on February 9 when the company announced that its Board of Directors had authorized officers to repurchase up to $10 million of its common stock. The shares may be purchased in open-market or privately negotiated transactions at times and prices deemed appropriate by the company.
Imperial also noted that the program may be suspended or discontinued at any time.
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